DailyMarkets.com - Forex Trading: US News Once Again Set To Impact Markets Today

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• Forex Trading: US News Once Again Set To Impact Markets Today
• South Korea Holds Rate, Wants Lower Inflation Expectations
• Bulls 2, Bears 0

Forex Trading: US News Once Again Set To Impact Markets Today Posted: 12 Dec 2012 11:51 PM PST US News Once Again Set to Impact Markets Today The US dollar took losses against most of its main currency rivals throughout European trading yesterday, amid speculations that the Fed would announce an expansion of its bond buying program to boost the US economic recovery. As a result, commodities, including gold and crude oil, saw upward movement over the course of the day. Today, US news is once again forecasted to generate market volatility. In addition to any developments in the ongoing … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

South Korea Holds Rate, Wants Lower Inflation Expectations Posted: 12 Dec 2012 07:42 PM PST     South Korea’s central bank held its base rate steady at 2.75 percent, as expected, and said it would continue to lower inflation expectations and ensure the country’s growth potential is not eroded.     The Bank of Korea, which has cut its rate twice this year by a total of 50 basis points to counter weak demand for its exports, said the country’s economic growth was still weak with exports improving but domestic demand still sluggish.     “Going forward, … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Bulls 2, Bears 0 Posted: 11 Dec 2012 12:08 AM PST You can tell a lot about the likely market direction by the way it reacts to news. By any measure, the bulls appear to have seized control of the helm based on yesterday’s market action.. In my last post (see Key tests of market psychology), I suggested that equities needed to show further strength for the bulls to prevail. Specifically, I was watching: Can the Shanghai Composite rally through the downtrend line? How will European stocks react to the Monti resignation news? What will the Fed … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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